The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-12-05
THE WOOL AND METAL MARKETS.
A Moderately Firm Tone Nltsd In tho Firut,
Tho Copper Boom. 5t7,l VI 8

a Moderately Firm Tone Noted In tho First,
l3 Tho Copper Boom.
New YORK, Dec. 3.-Bradareers says; Z
A considerable amount OF wool is going
into consumption week by week, and the
markets have a moderately firm tone.
There is no change in quotations. As the
time for beginning the work on heavy
goods approaches an increase in demand
is naturally expected, and, as prices are
already low, dealers show great cor fidencs.
Buyers also manifest less timldity than
during the summer and autumn, Weak
holders now and then grant conversational
for the sake Of realizing, but apart from
this operations have steady basis. Pur-
chasers In the main are still con dned
rather closely to nearby requirements.
The London sales are needing with a good
attendance, and there is active competl-
ton for the more desirable selections.
This has resulted in increasing strength.
At certain times the situation abroad
would be reflected in greater fi'mueas on
this aide, but just now there is little re-
eponse in the domestic market. At Bos-
ton there is no change OF moment in the
state Of business. Buyers still operate
with caution, but their purchases average
somewhat more than month ago There
is fair request for fine Ohio and Pernsyl-
vania feeces, and Michigan wool shows a
stronger tone. There is something doing
in Texasproduct, and the sales OF Territory
stock have been liberal. AS between dii.
ferent houses In the trade there is much
irregularity, some reporting large sales
and others only moderate demand.
The Gales at Boatou this week have
amountsd to 1858 800 pounds, sgsinst
2,423 GOO the corresponding week last year.
THE METAL MARKETS.
There is no material change in the
Eastern pig iron market. In the Ohio
River Valley the last week has bean very
dull, though some activity is confidently
expected after January l.: Full aupplies
have bsen cut of BY scarcity Of cars In, the
coke regions end Throughout the iron re.
Rions. In the current issue OF the bulle.
tin Of the American Iron and Steel ;Asso.
citation the leading article says in go many
words that the late depression in price in
steel rails and the dullness in that market
are due to the concerted besiah attitude
toward railmakers by railway officials, who
have held back orders for rails in order to
influence prices. Tho question ia asked:
1--WE only ask them to ssriourly consider
what the effect will be on the country
generally and upon their own roads, par
|ticularly II they longer persist in refusing
to- buy needed supplies Of steel rails at
prices which will be lair to buyer and
aeler2" .iisTH
The excitement in the copper market
is undiminished. What with small Wis.,
ible supply, reduced output on account Of
the fire in the Calumet mine, ENORMOUS
consumption for electrical and other. pur-
poses, and the bold operations OF French
syndicate of HpeculaioIs, everything has
favored further advance Of two csnts
per pound for spot lots on lake ingot. The
rise has now amounted to about 80 per
cent since October Is. - 3. : 3i59l.g' ~
At Philadelphia the nail trade Ia with
out improvement. Fully half the ma;
chimes are idle, and sone factories are en-
tirely closed down, and will not start up
again until prices improve. Prices are
down to 81 90s2 90. Al St. Louis pig iron
Ia frmer than last week, and there is more
inquiry ahead, but hardly any contracts
have been made except for nsar consump-
tion. Merchant iron is steady, with little
II any decline in the movement.
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